StockNews.AI
TTC
StockNews.AI
196 days

HammerHead Trenchless Acquires ProKASRO Services USA

1. HammerHead Trenchless acquired ProKASRO Services USA's assets. 2. ProKASRO leads in robotic solutions for underground infrastructure repairs. 3. Acquisition expands HammerHead's trenchless products and market reach. 4. New facilities in Wisconsin and Colorado enhance customer service. 5. The Toro Company reported $4.6 billion in net sales for 2024.

M&A
-0.9%Current Return
VS
+0.43%S&P 500
$81.3702/04 09:57 PM EDTEvent Start
$80.6402/06 04:16 AM EDTLatest Updated
5m saved
Insight
Article

FAQ

Why Bullish?

Acquisitions typically enhance market positioning, creating potential for increased revenue. A past example includes the positive market reaction to similar strategic acquisitions in the construction sector.

How important is it?

The acquisition directly impacts HammerHead Trenchless's offerings, enhancing growth prospects. This strategic move could significantly affect TTC's overall market performance.

Why Long Term?

This acquisition positions HammerHead for sustained growth in new markets. Long-term benefits often materialize as new products gain market acceptance.

Related Companies

TTCMHKCMI
LAKE MILLS, Wis.--(BUSINESS WIRE)--HammerHead Trenchless, a division of The Toro Company (NYSE: TTC), today announced that it has acquired the assets of ProKASRO Services USA, the distributor of ProKASRO Mechatronik GmbH and market leader of robotic solutions and rehabilitation equipment for repairing underground water and wastewater infrastructure. The terms of the transaction were not disclosed. ProKASRO Services USA is known for its industry-leading robotics, UV pipe lining solutions and lateral rehabilitation technologies. Based in Centennial, Colorado, its expanded line of trenchless solutions enable utility contractors the ability to rehabilitate underground wastewater and water pipelines without the need for digging or disruption to outdoor environments. “We are excited to announce the acquisition of ProKASRO Services USA,” said Jeff Gabrielse, General Manager of HammerHead Trenchless. “This acquisition aligns with our strategic growth initiatives and helps expand our business into new markets with the leading technologies and brand reputation of ProKASRO. With the addition to the HammerHead Trenchless portfolio, we believe we are best positioned to offer a full suite of trenchless pipe rehabilitation and replacement products for contractors from laterals to mainlines in both the CIPP and pipe bursting markets.” Through this acquisition, HammerHead Trenchless will market these products under the ProKASRO USA brand name and serve the U.S. market with continued operations in Colorado. “With service facilities now in both Wisconsin and Colorado, HammerHead is positioned geographically to maintain customer expectations for quality and further expand the HammerHead legacy of customer service, support and innovation,” said Gabrielse. For more information on the full suite of HammerHead Trenchless products, visit www.hammerheadtrenchless.com About HammerHead Trenchless HammerHead Trenchless, a division of The Toro Company, manufactures and delivers a unique combination of rehabilitation, replacement and installation equipment and consumables for the underground construction market. Besides being a full solutions provider in rehabilitation and replacement, HammerHead also offers unmatched field support and project consultation to its customers worldwide. HammerHead products are proudly made in the U.S.A. and sold and serviced in more than 60 countries. For more information visit www.hammerheadtrenchless.com; 920-648-4848 About The Toro Company The Toro Company (NYSE: TTC) is a leading global provider of solutions for the outdoor environment including turf and landscape maintenance, snow and ice management, underground utility construction, rental and specialty construction, and irrigation and outdoor lighting solutions. With net sales of $4.6 billion in fiscal 2024, The Toro Company’s global presence extends to more than 125 countries through a family of brands that includes Toro, Ditch Witch, Exmark, Spartan, BOSS, Ventrac, American Augers, Trencor, Subsite, HammerHead, Radius, Perrot, Hayter, Unique Lighting Systems, Irritrol, and Lawn-Boy. Through constant innovation and caring relationships built on trust and integrity, The Toro Company and its family of brands have built a legacy of excellence by helping customers work on golf courses, sports fields, construction sites, public green spaces, commercial and residential properties and agricultural operations. For more information, visit www.thetorocompany.com.

Related News